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VAT Contract Restructuring
How does it work?
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In 2014, the law changed. Not to great fanfare, or even with a marketing campaign from the Government to advise the Care sector that things had changed in this regard. For many providers, even if the information filtered through, the legislation update was largely ignored because, traditionally, the Care sector has been treated as exempt for VAT purposes.
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Whilst the fundamentals of VAT exemption for the Care sector still apply, the law change has meant that provision on behalf of Local Authorities, CCG’s and CHC’s can be invoiced with standard rated VAT, subject only to the creation of a suitable VAT recovery model – and this is where we can help.
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In partnership with a leading VAT Advisory Services Company, we’re delighted to be able to offer a facility that, subject to qualification, allows for ongoing recovery of your VAT costs, AND allows for then backdating the claim for the last 4-year period – a potentially significant sum.
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Find out more about...
There is no ‘consultation fee’ for the qualification assessment. There are no ‘up-front’ fees. There is not even a requirement for searching through 4 years’ worth of invoices. And whether you provide your service in a Care Home setting or in Domiciliary care, what you WILL achieve is:
• Significant recovery of Input VAT on operating costs and Capital expenditure on an ongoing basis
• Up to a 4-year full retrospective claim for the group
• A workable solution for nursing fees
• A policy of openness and transparency with HMRC
• A full preparation of quarterly VAT returns and end of year reconciliations for partial exemption
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For an informal discussion with us or a forecast of the difference this could make to your bottom line, call us today on 0330 333 7770 or complete the contact form below and one of our consultants will call you back.